The Co-operative Bank of Kenya is seeking to recruit an Internal Auditor on behalf of one of its Sacco partners. The successful candidate will lead the Sacco’s Internal Audit, Risk, and Compliance functions, performing critical internal audit work as a key component of the Sacco's corporate governance structure.
Key Responsibilities
Lead the Sacco’s Internal Audit, Risk and Compliance functions.
Perform internal audit work as a key component of the corporate governance structure.
Develop internal audit, risk, and compliance strategies and manuals detailing procedures and best practices.
Develop, implement, and review the internal audit charter.
Develop comprehensive audit programs and plans to cover all Sacco activities and programs.
Test the institution’s disaster recovery and incident management programs and advise management on areas of improvement.
Conduct timely risk-based internal audits and advise the Board of Directors on all audit matters.
Assess the reliability and integrity of financial and operating procedures, and compliance with set policies.
Promote economic efficiency and effectiveness in the utilization of the Sacco’s resources.
Provide practical solutions to improve overall efficiencies and enhance internal controls.
Identify, assess, and monitor financial, operational, and strategic risks.
Develop and maintain a risk management framework, advising management on risk mitigation strategies.
Monitor risk indicators and ensure timely reporting.
Ensure SACCO operations comply with SASRA regulations, bylaws, and other statutory requirements.
Conduct compliance audits and follow up on corrective actions.
Keep abreast of regulatory changes and advise management accordingly.
Train staff on compliance requirements and ethical standards.
Provide secretariat support to the Audit and Supervisory Committees.
Participate in strategic planning, policy formulation, and advise management on governance and control issues.
Foster a culture of accountability and transparency.
Monitor for signs of fraud or misconduct, conduct investigations, and recommend preventive measures.
Implement fraud awareness and detection programs.
Qualifications and Experience
Bachelor of Commerce (Accounting option) or related business degree with CPA (K) or ACCA qualification.
CISA (Certified Information Systems Auditor) or CFE (Certified Fraud Examiner) will be an added advantage.
Must be a member in good standing with ICPAK or an equivalent professional body.
Minimum of five (5) years of audit experience in a busy organization, preferably within a Sacco or financial institution.
Strong knowledge of SASRA regulations and risk management frameworks.
Key Skills and Competencies
Computer proficiency, especially in accounting packages and Sacco software systems.
Demonstrated merit and high ability in auditing.
Thorough knowledge of Sacco, SASRA, and other stakeholder rules and regulations.
How to Apply
Interested and qualified candidates should apply online by visiting the official application link on MyJobMag Kenya or check the official Co-operative Bank of Kenya Website for details on how to apply.
